Buying a home...Need TAX advice?

PLEASE GET PROFESSIONAL ADVICE FROM A ACCOUNTANT OR LAWYER

Some useful links:

https://www.canada.ca/en/services/taxes.html

https://www2.gov.bc.ca/gov/content/taxes/property-taxes

https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/rc4028/gst-hst-new-housing-rebate.html

https://www2.gov.bc.ca/gov/content/taxes/property-taxes/property-transfer-tax/additional-property-transfer-tax

Budget for a new insurance policy for strata properties!

Have you budget for a new insurance policy for strata properties?

Tip! Budget for 25% increase

The strata corporations that have recently renewed their insurance and saw premium increases of between 50% and 100%.

Low-risk building with a good insurance history, an insurance company charges between $0.13 and $0.15 per $100 of insured property. High-risk buildings are old and poorly maintained.

Average losses now cost more than $50,000, and 54% of losses claimed are worth more than $100,000. 

It’s really a case of supply and demand!

The number of insurance providers willing to protect residential strata properties in the Lower Mainland has been shrinking over the last 12 to 18 months.

That replacement has been very difficult!

Homeowners should ensure their suites are maintained especially with water issues, damage from which could result in an owner paying the building’s deductible.

Get proper insurance and deductible insurance!

#ilovehomes

Budget for a new insurance policy for strata properties!

Have you budget for a new insurance policy for strata properties?

Tip! Budget for 25% increase

The strata corporations that have recently renewed their insurance and saw premium increases of between 50% and 100%.

Low-risk building with a good insurance history, an insurance company charges between $0.13 and $0.15 per $100 of insured property. High-risk buildings are old and poorly maintained.

Average losses now cost more than $50,000, and 54% of losses claimed are worth more than $100,000. 

It’s really a case of supply and demand!

The number of insurance providers willing to protect residential strata properties in the Lower Mainland has been shrinking over the last 12 to 18 months.

That replacement has been very difficult!

Homeowners should ensure their suites are maintained especially with water issues, damage from which could result in an owner paying the building’s deductible.

Get proper insurance and deductible insurance!

Is owning and managing rental housing easier on you? What about now with COVID-19?

Do you as a landlords have all the information? Do you need a property manager?

Rules are changing often!

Here are a few links that can help you out!

https://www2.gov.bc.ca/gov/content/housing-tenancy/residential-tenancies

https://landlordbc.ca/

Buying a new house??

How much do you know about the builder, warranty dates or occupancy permits?

Are you really covered? Use me as your guide to help you!

Here is a great link to the BC Housing Link https://www.bchousing.org/licensing-consumer-services

Call me 778-241-8946 #ilovehomes ❤️

Preparing you for the journey of buying a new home!! Let me be your guide!! #ilovehomes ❤️

What is the difference between using a Realtor or the builder marketing the New Home directly (none licensed)?

With a Realtor you get:

Liabilty

Ehics

Agency

Duty

More...

Are you working with Realtor? Say YES!

Walk into that showroom with me by your side!

Get a FREE breakdown of the B.C. New Home Warranty!

Contact me before you sign that confusing contract 778-241-8946

How to save money during the COVID-19 pandemic

Are you scrambling to pay bills or your mortgage?

- defer your mortgage up to six months

- if you have a traditional mortgage you can actually skip a payment without penalty

- look into reward points in order to use “some of those points to pay back your credit cards.”

- look through your gift cards, subscriptions and anywhere you can cut back

- change car insurance over to personal use under 15km

- set yourselves up for the Canada Emergency Response Benefit by going to the CRA website. This is $2000 per month for Canadians whose livelihoods have been affected by COVID-19.

- RRSPs should be a last resort

The premier Home Expo of the year comes to Coquitlam in March! See the newest and best of everything for your home, garden, and outdoor living needs, all at one great location over three BIG action-packed days!

FREE ADMISSION!

Friday, March 29 – 1:00pm-9:00pm
Saturday, March 30 – 9:30am-5:30pm
Sunday, March 31 – 10:00am-4:00pm

Metro Vancouver home sales decline below historical averages in 2018

Metro Vancouver home sales in 2018 were the lowest annual total in the region since 2000.

The Real Estate Board of Greater Vancouver (REBGV) reports that sales of detached, attached and apartment properties reached 24,619 on the Multiple Listing Service® (MLS®) in 2018, a 31.6 per cent decrease from the 35,993 sales recorded in 2017, and a 38.4 per cent decrease compared to the 39,943 residential sales in 2016.